Somewhat Positive News Coverage Somewhat Unlikely to Affect BlueLinx (BXC) Share Price
Media coverage about BlueLinx (NYSE:BXC) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BlueLinx earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 47.0875271894065 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, ValuEngine lowered BlueLinx from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th.
Shares of NYSE BXC traded up $0.78 during trading hours on Friday, reaching $33.89. The stock had a trading volume of 524 shares, compared to its average volume of 290,701. The company has a current ratio of 3.32, a quick ratio of 1.60 and a debt-to-equity ratio of 61.71. The firm has a market capitalization of $360.21 million, a price-to-earnings ratio of 6.94 and a beta of 1.94. BlueLinx has a twelve month low of $7.57 and a twelve month high of $46.42.
BlueLinx Holdings Inc, together with its subsidiaries, distributes building and industrial products in the United States. It distributes products in two principal categories, structural products and specialty products. The company's structural products include plywood, rebar and remesh, and lumber products, as well as oriented strand boards and other wood products primarily used for structural support, walls, and floorings in construction projects.
Recommended Story: Price to Earnings Ratio (PE), For Valuing Stocks
Receive News & Ratings for BlueLinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlueLinx and related companies with MarketBeat.com's FREE daily email newsletter.